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re: XoM sells Chalmette Refinery to PBF Energy
Posted on 6/19/15 at 8:47 am to bayoubengals88
Posted on 6/19/15 at 8:47 am to bayoubengals88
quote:
So what will a company like Exxon typically do with the money from the sale? ...in this case 322 million dollars.
Half of the money will go to Venezuala as they owned half of Chalmette Refining. And that country is having cash issues right now due to low price of oil.
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